Before the Bell Scans of Invesco, American Capital, Prospect Capital, Kohlberg
Kravis Roberts & Co., and Eaton Vance
PR Newswire
LONDON, April 5, 2013
LONDON, April 5, 2013 /PRNewswire/ --
Financial markets have stabilized since late last year as concerns over the
Eurozone debt crisis eased. The last-minute fiscal cliff deal has also boosted
investors' sentiment. These factors, combined with the cheap money provided by
central banks in developed world, have been pushing asset prices higher.
Equity markets in the U.S. have been trading at multi-year highs. European
stocks also had a decent run in the first quarter. With confidence returning
to market, asset managers such as Invesco Ltd. (NYSE: IVZ), American Capital
Ltd. (NASDAQ: ACAS), Prospect Capital Corporation (NASDAQ: PSEC), and Eaton
Vance Corp. (NYSE: EV) are looking positive. Cheap money is also likely to
boost investment from private equity investment firms such asKohlberg Kravis
Roberts& Co. (NYSE: KKR), which had been sitting on the sidelines post the
financial crisis of 2009. Asset management stocks ended mostly higher on
Thursday as the broad market ended the day in green. StockCall has taken an
interest in these companies and you can now sign up to download the free
technical research on IVZ, ACAS, PSEC, KKR, and EV at
http://www.stockcall.com/registration
Invesco Ltd's shares rose sharply on Thursday. The stock touched an intra-day
high of $28.76 before finishing the day 1.95% higher at $28.69. Invesco's
shares are currently trading close to their 52-week high of $29.23.
Year-to-date, the stock has gained more than 10.60%, outperforming the broad
market. The company's shares have been facing stiff resistance at around $29.
Sign up today to read the free research report on IVZ at
http://www.StockCall.com/IVZ040513.pdf
Shares of American Capital Ltd. edged higher in yesterday's trading session;
however, the gains were limited. The stock ended the day 0.50% higher at
$14.21 after touching an intra-day high of $14.31. Despite the gains on
Thursday, American Capital's shares have fallen nearly 2% in the last three
sessions. The company's shares have had an excellent run so far in 2013,
gaining more than 18.20%. However, the stock's MACD chart suggests that market
sentiment has turned bearish. Register to download the free technical analysis
on ACAS at
http://www.StockCall.com/ACAS040513.pdf
Shares of Prospect Capital Corporation rose sharply on Thursday. The stock
touched an intra-day high of $10.84 before finishing the day 0.93% higher at
$10.82. Shares of PSEC have been trading sideways over the past two months.
The stock recently slipped below $11 support level, which is a bearish signal.
The negative trend is further confirmed by the stock's MACD chart. Free report
on PSEC can be accessed by registering at
http://www.StockCall.com/PSEC040513.pdf
Kohlberg Kravis Roberts & Co.'s shares rose sharply on Thursday, reversing
some of the recent losses. The stock closed 1.24% higher at $18.84 after
touching an intra-day high of $19.10. Despite the gains, the stock is still
down nearly 2.90% in the last three trading sessions. Shares of KKR slipped
earlier in the week after failing to break through $19.50 resistance level.
The stock has rebounded from $18.50 support level. The stock's MACD chart,
however, are still giving bearish signals. Register with StockCall and
download the research on KKR for free at
http://www.StockCall.com/KKR040513.pdf
Shares of Eaton Vance Corp. were among the major gainers in the financial
sector yesterday, closing 1.23% higher at $39.50. The stock touched an
intra-day high of $39.75. Despite posting significant gains, Eaton Vance's
shares are down more than 4.60% in the last three sessions. The company's
shares have had an excellent run so far in 2013, gaining more than 24%. Read
the full free research on EV by signing up to StockCall at
http://www.StockCall.com/EV040513.pdf
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